Strive 1000 Value ETF retains its Morningstar Medalist Rating of Bronze. The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.  

 The strategy's sensible investment philosophy merits an Above Average Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it has maintained an overweight in liquidity exposure and an underweight in quality exposure compared with category peers. High liquidity exposure is attributed to stocks with a high trading volume, lending managers more flexibility. And a low quality exposure is rooted in stocks with higher financial leverage and lower profitability. The team managing this passive strategy earns a Below Average People Pillar rating. The strategy's parent firm has some investor-friendly attributes, like overall attractive fees and continuity among portfolio managers. As a result, the firm gets an Average Parent Pillar rating.

Analyst Rating

JPMorgan Chase & Co

Exxon Mobil

Chevron

Johnson & Johnson

Bank of America

Wells Fargo

Berkshire Hathaway Inc. - Ordinary Shares - Class B

Walmart

Merck

AbbVie

Morningstar's evaluation of this security's process aims to determine the likelihood that it will outperform its Morningstar Category index on a risk-adjusted basis over the long term. Strive 1000 Value ETF earns an Above Average Process Pillar rating. The main driver of the rating is that this fund tracks an index. Historical data, like Morningstar's Active/Passive Barometer, finds that passively managed funds have generally outperformed their active counterparts, especially over longer time horizons. The firm's five-year retention rate of 100% also bolsters the process. Lastly, the process is limited by the experience of the management team, which averages one year at this fund.

The investment strategy as stated in the fund's prospectus is:  The investment seeks to track the total return performance, before fees and expenses, of the Bloomberg U.S. 1000 Value composed of large- and mid-capitalization U.S. equity securities that exhibit value characteristics.  Under normal circumstances, substantially all of the fund’s total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index. The fund will concentrate its investments (i.e., and hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the index is concentrated. 

 The portfolio is overweight in energy by 2.9 percentage points in terms of assets compared with the category average, and its financial services allocation is similar to the category. The sectors with low exposure compared to category peers are technology and industrials, with technology underweighting the average portfolio by 5.1 percentage points of assets and industrials similar to the average. The portfolio is positioned across 700 holdings and its assets are more dispersed than the typical peer in the category. In the most recent disclosure, 18.8% of the strategy's assets were concentrated in the top 10 fund holdings, compared to the category’s 27.4% average. And in closing, in terms of portfolio turnover, on a year-over-year basis, 4% of the fund's holdings have turned over, whether through increasing, decreasing, or changing a position.

Above Average

Process

Strive Asset Management’s team receives a Below Average People Pillar rating. The team is supported by the firm's five-year retention rate of 100%. However, the rating is limited by the experience of the management team, which averages one year at this fund. The number of months that the management team has been running this vehicle together also holds the rating back. Since this is a newly incepted product, more time is needed to monitor the team's capability at executing the strategy.

Below Average

People

Even though Strive Asset Management only has a one-year track record, it has shown to be an industry-standard steward, warranting an Average Parent Pillar rating. Strive Asset Management currently runs 12 vehicles, with a total of $1.36 billion under management and a bench of six portfolio managers.   

 The firm’s economical fees on open-end and exchange-traded funds truly evince a firmwide commitment to minimizing costs and maximizing investors’ returns. The average net expense ratio of the firm’s funds falls within the lowest quintile of firms.  

 To retain an Average rating, Strive Asset Management needs to maintain a consistent track record of positive investor experience.

Average

Parent

Strive 1000 Value ETF

STXV tracks the total return performance of an index composed of US-listed large- and mid-cap companies that exhibit value characteristics. The index selects securities based on fundamental factors and weights them according to free-float market cap.

Strive US Energy ETF

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Strive 1000 Dividend Growth ETF

Strive Emerging Markets EX-China ETF

Strive 1000 Growth ETF

Strive Small-Cap ETF

HAVERTOWN, Pa. , Jan. 9, 2023 /PRNewswire/ -- (ETF Architect) -- EA Series Trust announces that the following funds will move their primary listings to the New York Stock Exchange: Strive U.S. Energy ETF (NYSE Arca: DRLL), Strive 500 ETF (NYSE Arca: STRV), Strive U.S. Semiconductor ETF (NYSE Arca: SHOC), Strive Emerging Markets Ex-China ETF (NYSE Arca: STXE), Strive FAANG 2.0 ETF (NYSE Arca: FTWO), Strive 1000 Dividend Growth ETF (Nasdaq: STXD), Strive 1000 Growth ETF (Nasdaq: STXG) Strive 1000 Value ETF (Nasdaq: STXV) and Strive Small-Cap ETF (Nasdaq: STXK), collectively, the "Funds".

Nine Strive funds will move primary listing from NYSE Arca, Inc. and NASDAQ Stock Market LLC to New York Stock Exchange

COLUMBUS, Ohio--( BUSINESS WIRE )--Strive Asset Management announced its total assets under management surpassed $500 million on November 11, 2022, three months after the launch of its first fund.

Strive Asset Management Exceeds Half a Billion in AUM, 3 Months After Launch

The asset manager is known for its ‘anti-woke' investment policy.

News for Strive 1000 Value ETF ETF (STXV)